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Online beauty and fashion marketplace Nykaa on Wednesday posted a net profit of Rs 9 crore in the January-March quarter, down 48 per cent (quarter-on-quarter) from Rs 17.45 crore in the same period last year. FSN E-Commerce Ventures, the parent company of Nykaa, clocked revenue of Rs 1,668 crore in the full fiscal year (FY24), up 28 per cent from Rs 1,302 crore in FY23. The stock of FSN E-commerce closed at Rs 179.20 apiece on Wednesday. For FY24, the net profit grew by almost...
Nykaa`s net profit nosedives 48 per cent to Rs 9 crore QoQ
Online food delivery company Zomato's shares extended its morning session loss on Tuesday up to 5-6 percent, as the company is expecting an increase in cost due to the employee stock ownership plan (ESOP). Zomato announced results of the fourth quarter of the financial year 2024 on Monday. In the post-result commentary, the management said that in the current financial year (FY25), the costs may increase due to the grant of ESOPs to senior employees and the leadership team of Blinki...
Zomato stock slumps after ESOP announcement
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